Circle secures USDC’s core position in the Coinbase ecosystem, as the three-year revenue-sharing agreement has been renewed.
2026.08.05 22:40:36
Jeremy Allaire, founder and CEO of Circle, the issuer of USDC, stated during tonight’s earnings call: “We have renewed our agreement with Coinbase under existing terms, ensuring USDC remains central to all of Coinbase’s product offerings. We also look forward to expanding our USDC network via distribution deals with strategically aligned partners.” The collaboration agreement between Circle and Coinbase, signed on August 18, 2023, stipulates that Circle—USDC’s sole issuer—shares interest revenue generated from USDC reserve assets with Coinbase: Coinbase will receive 100% of reserve interest from USDC held on its platform, plus 50% of the remaining reserve interest from USDC held off its platform. The agreement has an initial three-year term and an automatic renewal mechanism.
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